Post job

Accounting assistant vs accounting analyst

The differences between accounting assistants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an accounting assistant, becoming an accounting analyst takes usually requires 2-4 years. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $39,569 average annual salary of an accounting assistant.

The top three skills for an accounting assistant include data entry, customer service and reconciliations. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Accounting assistant vs accounting analyst overview

Accounting AssistantAccounting Analyst
Yearly salary$39,569$58,399
Hourly rate$19.02$28.08
Growth rate-5%6%
Number of jobs63,94581,097
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 74%
Average age5144
Years of experience64

What does an accounting assistant do?

An accounting assistant is responsible for supporting the daily operations of the business' accounting department, from reviewing financial transactions to the submission of financial reports. Accounting assistants' duties include performing data entry and clerical tasks, maintaining a safe record of account statements, updating and analyzing transactions, verifying the accuracy of financial records, and managing customers and vendors' inquiries as immediate as possible. An accounting assistant must have a broad knowledge of the accounting principles and processes, as well as excellent communication and time-management skills, especially on meeting strict deadlines and doing complex tasks as needed.

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

Accounting assistant vs accounting analyst salary

Accounting assistants and accounting analysts have different pay scales, as shown below.

Accounting AssistantAccounting Analyst
Average salary$39,569$58,399
Salary rangeBetween $30,000 And $50,000Between $42,000 And $79,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew YorkNew York
Best paying companyLos Alamos National LaboratoryGoogle
Best paying industryFinanceFinance

Differences between accounting assistant and accounting analyst education

There are a few differences between an accounting assistant and an accounting analyst in terms of educational background:

Accounting AssistantAccounting Analyst
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting assistant vs accounting analyst demographics

Here are the differences between accounting assistants' and accounting analysts' demographics:

Accounting AssistantAccounting Analyst
Average age5144
Gender ratioMale, 20.1% Female, 79.9%Male, 41.6% Female, 58.4%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between accounting assistant and accounting analyst duties and responsibilities

Accounting assistant example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Participate in weekly, monthly, quarterly, and yearly audits to ensure SOX compliance and propose opportunities for improvement.
  • Meet with account teams to discuss job structure, new projects, client requests, billing procedures, and SOX requirements.
  • Reconcile departmental report cash against banking ACH transactions.
  • Process mortgage portfolio monthly payments and interest accruals.
  • Utilize online system for calculating payroll and family tuition payments.
  • Show more

Accounting analyst example responsibilities.

  • Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
  • Manage reconciling monthly discrepancies between ERP transfers.
  • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
  • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  • Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
  • Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.
  • Show more

Accounting assistant vs accounting analyst skills

Common accounting assistant skills
  • Data Entry, 13%
  • Customer Service, 11%
  • Reconciliations, 8%
  • Purchase Orders, 7%
  • Credit Card Payments, 6%
  • General Ledger Accounts, 5%
Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%

Browse office and administrative jobs